Newspaper Page Text
rxua WASHINGTON HERALD. TUESDAY, MARCH 18. 1913.
Union Pacific-Southern Pacific
Muddle Hangs Over
GENERAL BUSINESS FAIR
Scarcity of Railway Common, witk
89 Bid, 90 Asked Adjournment
Friday and Saturday.
By I. A. FLE3IIG.
Another effort on the part of the Union
Pacific officials must be made to solve
the toush proposition of eliminating $126.-
W0.0C0 Southern Pacific stock from Its
treasury in such a manner as not to sac
rifice it. and to accomplish best results
in securing; through connections destrojed
b.v the dissolution of the long-standing
merger between the Southern Pacific and
the Union Pacific.
All plans s.o far have been unavailing
The Attorne General approved one plan,
provided it nas acceptable to the Cali
fornia State commission, and it was turn
id down cold A modified plan on the
same lines was set aside.
Brilliant Jurist that he Is. President
l.oiett. of the Union Pacific, is up a
Mump at least, for the time being.
Wall Street wants this matter settled,
and that right soon. It wasn't this great
block of stock tied up so that it will not
be a threat on the rmrket: It wants the
entire affair clobfd before Mav 10. the
date upon, which the Supreme Court will
undertake naming receivers for the two
companies unless the divorce Is then com
plete. With this threat hanging over the New
lork stock market, with Germanv and
France drawing our gold by millions It
i rather remarkable that stock hold
.is well as the do. The certainty of
tariff change, coupled with the uncer
taintv .is to what thev will be. i another
But general business continues ati,
factorj , the distributing business, as well
as the manufacturing industry, is onlv
restricted bv tariff possibilities, railroad
earnings arc good. monev is working
easier, and time loans are again possible
on the street
The administration is going Mow and
with a certain measure of sureness that
is encouraging and is causing some re
vision of opinion
For some reason or other the Supreme
Court, alwavs moving at its own pace,
still holds the Minnesota rate case in the
hollow of its hand It way confidents
expected vesterdav. and now It will not
tome until after the Easter vacation of
the honorable court
With the matter sitll unsettled, the
1m ars had reason to expect better ie'
suits than thev obtained in stocks ves
terdav. Union Pacific lost 1 1-4. Steel.
7-S. Canadian Pacific on foreign sell
ing. ; 1-S. Reading J-t. California Oil,
1 3-S. Copper and bmelting. 5-S. Lehigh
allcv. 3-1, Nipper. 1 1-S: Pittsburg
I'oal preferred 2, and Mexican Oil.
jtcints, Coloiado Southern and Tcxa
Oi1 were both higher
ttonuv Gcnnral JIcRejnolds is put
ting no stumbling blocks in the wav or
the Union Pacific-Southern Pacific set
tlement. He is perfectlv willing to givt
the official O K to anj thing that will
divorce the two companies, provided 11
suits the California Commission and the
lrwer court. S. I! Chapin &. Co. of
Xiw York, have this to sav as til
cause of the failure to reach n agree
ment The Trouble.
"BanKia. or Banicia cut-off, which is
chief cause of the trouble in arriving at
a satisfactorv dissolution of the Union
Pacific-Southern Pacific merger, is a very
evpensive four-track water leveled road,
built bv the Southern Pacific from Sai.
Francisco to connect with the Central
Pacific at Sacramento, whose older two
Hacked road between those points is
tightj miles longer than the Banicia
,ut-off, and is very expensively operated
because of heavv grades
"In order to maintain the advantages
of operating over this Banicia cut-off.
the Union Pacific endeavored to secu"1
a traffic agreement with the Southern
Pacific The Western Pacific, which
also runs from San Francisco to Sacra -nemo,
however, claimed if such wa..
allowed there would be no effectual dis
solution of the Southern Pacific merger
Its claims for equal traffic rights over
this Banicia cut-off or the same traffic
terms as the Union Pacific having bevi
sustained bv the California State nad
ir ad Commission and the St. Louis Cir
cuit Court, and this is the crux of
the whole tangle preventing the Union
Pacific and Southern Pacific to carrv
i. tit their plans
"Therefore, anv new plans which will
be satisfactorv to the California com
mission and the Circuit Court must in-
ludt the above Banicia cut-off privi
leges to the Western Pacific or arv
othei competing line in the State ot
California Moreover, anv new plan
must offer a much lower public sub
scription price to Southern Pacific stock
than the recent plan '
W. B. Illl.bs- lew.
It t. vour move.' " sjvs Attornev Gen
eral McRc.v nolds to the railroads, in the
l"nion Pacific-Southern Pacific settle
ment, and he proposes to busy himself
with other questions until the railroads
come across This ooes not betoken an
attituae of bostilitv. b any means, nor
even of indifference, it's all he can do
for the present.
"The Supreme C ourt has declared that
a certain enJ must be accomplished
the was anl thereunto are left to the
devices of the parties to the unlawful
merger The got themselves into the
IK and must get themselves out of it.
The device, however, must be approved
bv the government and be acceptable In
its details to the lower court. The of
fenders have until Ma 10 to work out
"If through unwillingness to comply
t.i incapacity to devise, the required re
sult Is not accomplished, the railroads
sre to go into the hands of a receiver.
"However. It is not the opinion here
tl at the court would refuse reasonable
extension of time for earning out its
mandate. If by so doing great loss would
be inflicted upon Innocent stockholders.
"Optimistic views of the outcome are
held, simply upon the ground that a way
out must be found, and therefore will
be It is unthinkable that a situation
will be allowed wherein J126.OO0O00 ot
Southern Pacific stock Is to be thrown
on the market.
"The new administration is quite will
ing to aid in honest efforts to meet the
court's requirement and prevent unset
tlemcnt of business. Mr. Mr Re nolds is
ready for proporitions "
Bid for Common.
The official closing of Washington Rail
way and Electric common stock was 87
bid. none offered. There were several
bids of SS. SS1-4. and S8S-S, and S3 was
bid without uncovering a selling order,
and then finally 90 was asked for a flftj
Thus In s few dais the common shares
of the Washington Railway and Electric
Company have advanced from 85 l-IaSI 5-8
to 89 bid. And on a rumor, but a well-
founded one. that there would be some-
thing doing at the next meeting of the
directors of the corporation.
On the first of the present month regu
lar auarterlv dividends were paw on bom
the common and preferred shares, and
as the time is not near for another
declaration, any distribution that may be
declared would be In the shape of an
"extra." It is Just possible that an an
nouncement will be made of an Increased
payment with the next dividend penoa,
although that Is still too far away to
Bids of SS 1-4 were made for the pre
ferred stock, end 10 shares sold at this
price; later S8 1-4 was bid
A little Washington Gis sold at S6. re
cent developments in and out of court
having no effect i-n the minds of holders
Mergenthaler was a little firmer. Jlta
HS 1-2. Potomac Consolidated 3s, 101
Capital Traction S brought U0 1-t
New York and Washington Exchanges
will be closed from Thursday afternoon
until Monday morning. The uual ob
servance of Gooa Fridav and the Easter
adjournment will enable manv members
to take their tsual Easter vacations. At
lantic City will drai many brokers and
Mime of the banking contingent, although
the banks will not he closed over either
Kriday or Saturday
The fact hat the New York Exchange
will be closed during the two last da.vs
of the weI; should cause some cover
ing b shorts either Wedi.esday and
The annual meeting of the Mexican
Petroleum Company, the stocks of which
are largelv held In this citl. will be held
in April, at which results for the jear
will be made publico. Net income of the
companj for the nine months ended Sep
tember 30 last amounted to t2.OS3.SO0, and
for the full j ear it Is Ilkelv that earnings
will total between J2.700.000 and J3.000.COO
This would be equivalent to S per cent
on the J12.000.000 preferred stock, and ap
proximated 55-4 per cent on the J32.000.OUO
common The preferred is .in S per cent
noncumulative issue, and there is being
paid on the common 1 per cent quarterlv.
Rumors have been current that earnings
last jear weie In excess of S per cent.
and that the directors would soon take up
the qiVjtion uf rlacing the common stock
on a 6 per cent basis
Parcel post business last month was al
most 40 per cmt greater than in January,
as shown bj reports to Postmaster Gen
In February 50.0O0.OCO parcel post pack
ages were handled, an increase of 10.-
0(0 000 over the previous month, but as
Februarv contained three davs less than
January the real gain in the business
as almost 10 per cent
As in January, the three cities doing
the largest parcel post business were
Chicago, New York, and Boston, in the
order named Chicago sent and received
5 167.000 packages. New York 4,102.000. and
Cleveland moved from sixth place in
January to fourth in Februar. while
I'hil idelphia dropped from fourth to sixth.
St Louis remained fifth
NEW YORK STOCK MARKET.
Xw Tori. March 17.
Balra. Uixh. Low. CM.
100 Allis-Ch Jd pfd .. . . r, ? 3'i
list) vinal Copper 63- 69 ST.
8X Am Bret Sugar 3. S'- S".
3J00 ra Can 3, SIS Jl",
m Am Cn pM K3 Kl 13
'00 ra Ohm t C
2M m totton Oil 4ji li 15
JOO Am Hldf A Leather . . 4. s, IS
! ta to y 3'. 25 5'.
lis) Vm Vltlt . . '. ". '.
600 Vm smrlung . 6"S gas, &t
JOO Vm Smelting pfd . . KCH 1(0 1BS
JOO Am Trt A Tel . . 1I IKS BH.
JX Vm Tobacco .. . 2M -VI ZK
HO Vm Tobacco pM- Mi's KCs IWs
JM Am X. k rfd. . .. . .'. V.
00 Anaconda 3s 36's 3b'S
100 Ats Real Co 107 107 107
TO AU-huoa 101's Mil Mi's
TO Atchison riM 100 ' s
100 41 Con Line . 134 l-'i 1234
100 Bildin Locoaotue . I7 C. C.
X0 Bali Loco pM . 101'. 101 Ml
10 Baltimore L Ohio . . .. 1004 1004 ICO
1 000 Beth Steri 3 314 M4
Si llfth S,tre pfd C9 09 a
1 000 Brooklyn Rapid Tranatt. 871, ?7! S74
ICCO ( ahfoniu Petrol 4ii K 7
100 California Teiroleum pfd. 73 7s 7a
4 410 Canadian raciDc. 2M 22S 22S
100 J I Case- . . 1014 1014 1014
4 600 Ontial Leather 2SH 714 &
300 Central Leather ltd . 91V 94 91
10) Clieaeal.e 4. Oaio . 714 714 714
WO Chicago Great Western pfd 2T H't aPt
1 100 . VI 4 St I' . K lOHl 1CBV.
30 Chicago i. Nonhwe.tem .. 1334 133H 1334
il'O Chino Cra Oopit . 3S"i 384 38
300 Colorado i. southern 27 JbV
3 Consolidated Gas 131 131 131
7m Corn IYodurts ... .10". 10s. 10s.
ltd Com I-roducts ifj C4 634 C34
3X) II L. 4 V 100 396'i 3964
100 I) . L i. . 30 XU raid . 33G4 3S4 364
101 Putillcn" SOTnun . k 4 6,
700 Ijie 34 2T S
KM General Electric 1584 13 138
100 General Motors 30 34 34
7 100 U. V Goodrich
1 000 B V Goodnch pfd ....
. .. 314
00 Gcldlield Consolidated
900 Great Northern pfd
IW Great crlhtm Ore u
. IJ IJaV, 1X4
200 Guggenheim Exploration 434
1X0 Illinois Central .. 1334
10) Int. Vgncnltiire ld . 76
300 lnr Coi per . .. 164
1C0 Interboro-Metropolitan . . 14
-00 lnterboro-Metro!itan pfd 5S-".
400 International lrxr pfd . 14
ICO International ISjinp . . 8
100 harm City & bo rfd. . 394
40) Laclede Gas . 100V.
1 TOO Lehigh V aller . 1314
100 Long Itland ... . 40
100 Look Wiles ... 3C
100 Louisrille i. Nulmlle . 133
101) Manhattan Elerated IS
4j0 Mercantile Marine 4
2,-0) Mexican Tetrol B4
L100 Miami Copper 4
100 M , K I T. 3
SCO Mwssm Pacific. 37U
100 National En. S. II
ICO .. B. R. of M 2d pfd .... "3U
330 c-ada Con Copper....
ICO Nesr York Central
3310 S T V IT. II .
3 JVorfolk i. Western . . ..
100 Norfolk & Wentrra pfd..
106 105's 106
Ill's 1K4 H5'4
101H 1C4H 104S
S2'. 831. ,014
US'. 114V 1144.
U9 USs 11H,
110 110 110
964 S6U 9Pi
93 S3 S3
19, 19tt 194
54 H1, S3
2T, 2's 25H
4 500 "vorthe-n Paclnc 115',
1 800 renne-1-ania Railroad .
200 I'corle's Gaa A Coal
an p. r.ctst. l.
100 I'cttihone lit pfd
900 Pittsburg- Coal
1.400 Pltfburg Coal pfd
ICO Pmued Steel Car
100 Pm-cd Steel Car pfd S74
100 Itailsar Steel Hrrinf . ... 274
2)0 lUuVajr Strel Sprint pfd... 984
COO Bar Crjn Copper. 184
34.30) Reading UP. 1SSH 1UH
100 Reading 2d pfd 30
300 Rep Iron J. Steel 214
100 Ren. Iron & Steel pfd... 834
100 Rock Island 34
3(0 RuroeiT (4
M 81. L I s F. 3d pfd... 344
100 Sears Roebuck 190
13.300 Southern Pacific 994
400 Southern Itr. 23
100 Southern By. pfd. II
CIS Texas Co. 1U4
100 Under. Type M4
200 Union Bag & Paper 4"
M0 In. Bag & Paper rfd .... 34
J2.I73 Union Pacific 14J
200 Union Dry Goods S
1.100 U. 8. Rubber 604
23 600 U H Steel ,. 604
LeCO V. S. Steel pfd. .
400 Utah Copper
300 Yirgmi Car Chem
100 Va. Car Cbem. pfd..
400 Western Mar-land .
300 Western Union Tel. .
I ICC U.tirchouM )fg...
2.800 Woolworlh ,
330 Woolirorth nfd. ....
Total rales -98.580 aliarea. against H.115 Ratur-
WALL STREET GOSSIP
The May Department Stores reports net
promts alter deducting all expenses, de
preciation, &c, for the year ended Jan
uary 31 last ot 12,13,131.
Brokers say Berlin has been selling
Northern Pacific again on what looks
like direct orders, and also Canadian Pa
cific and Union Pacific.
It Is announced that 32.000,000 additional
In gold bars has been engaged fqr ex
port to Paris by to-day's steamer. This
makes 317,000.000 shipped to the Trench
capital on this movement.
Supreme Court grants rehearing on
April 7, In case of Omaha Electric Com
pany against City of Omaha and Old
Colony Trust Company against City of
North Butte declared 50 cents quarter
ly dividend. Three months ago 00 cents
was paid, and a jear ago 40 cents.
The Subtreasury gained 3364.000 from
the banks on Saturday. Since Kriday the
Subtreasury gained J3, (03.000 from the
Burras I think stocks arc a purchase
on any ctback now. Sentiment has
Simmons & Slade A prominent broker
sas he has brought 20.000 shares of stock
in the ptst ten da)s for good people
who show no sign of selling at present
rrlces. lie feels encouraged and believes
we will soon have more activity In all
Specialist advices indicate that while
general conditions have not Improved to
an extent as to warrant active 'bullish
operations, the market is in a wcll-llqul-dated
When Reading shorts start to cover, a
good advance In all the leaders will
A lirge commission house is suggesting
the sale of Rubber and Woolworth. Fur
ther declines are expected bj them In
v esiern houses report s,,nii. anxietv
among the railroads entering Chicago as
to the result of the strike vote now being
taken b) Chicago switchmen.
Record-breaking exports of Iron and
steel are shown b the latest reports
One million dollars represent the value
of dail exports, most of which goes to
North and South America
George Palsh. editor I-ondon Sta
tist. saa mone) stringencv in Kurop
passing awav, and situation is likely
on to improve.
Balance of trade in favor of United
States in Februar of JIl.tXT'C estab
lishes new high record
Buffalo. Rochester and Pittsburg orders
11,000,000 of cars and locomottlves.
l.ondon copper market easv. off 5 shil
lings. Childa I am inclined to look for a bet
ter market this week Market has held
pretty well in spite of a lot of unsettling
iniliiences and as It now looks. 1 would
rather buv than sell It is not
a market, however, to take a position
in. nor does It appear that we havn
seen the low prices. Traders vvill do little
until we hear from Washington, and
then, if no decision is announced. I look
for a rail.
Former Judge Lovett issued a state
ment jestcrdav morning reviewing the
latest development with respect to a
issolutlon plan for the I'nlon Pacific
nd Southern Pacific. In a word, he
8as that the representatives of the two
companies must start afresh and try
to work out home rlan to comply with
the decision of the Supreme Court. Con
tinuing he sas: "As soon as we have
done so we shall submit the same to
the Attorney General and to the cir
cuit judges "
After Issuing the statement on the dis
solution plan. Chairman Ixivett, of the
I nion Pacific, said: "We have not for
mulated as et am of the fundamentals
or the new plan, and it Is unlikely that
theYe will be any occasion for a meet
ing of the Union Pacific board for some
Attorn) General McRe) nolds said ves.
terday that he had not )et decided what
he would do. if an) thing, with regard to
reopening the American Tobacco case.
He said that he had not jet taken the
Harriman S. Co Slocks were dull and
heavj all da) and closed practically at
the bottom prices Causes for the weak
ness were easllv found. In addition to
the general reason that the war in Eu
rope and the fear of tariff reform in
America persist, the trouble )esterday was
that the Supreme Court handed down no
decision in the Minnesota rate case, and
that the I'nlon Pacific is again upset.
Xew low records were made bv s,,vv
Haven and Goodrich Kven at the low
S. B Chapin . Co 'While the general
market was irregular and unsettled yes
terday from the opening. It showed less
weakness for the standard railroad and
industrial stocks than many had been led
to expect from the pessimistic construc
tions placed upon the abandonment of
the Union l'acitic's plans for dissolving
its merger -sith the Southern Pacific.
The principal selling was of a specu
lathe character, with the heaviest de
clines and the most weakness appearing
in the Industrial specialties. The bear
element concentrated their activity
offering down these stocks during the
'While the market failed to show any
snap to the busing-, there was neverthe
less good support In the standard stocks
and also many good Industrials like Corn
Products and Steel.
Bankers here believe our gold export
movement is about over, and that the
anticipated money crisis in Berlin on
April 1 settlements there has been so well
provided for It is not llkel)' to occur. In
the meantime the Union Pacltlc manage
ment still has until May 12 to evolve a
new dissolution plan.
OUTSIDE SECUBITY NOTES.
New York. March 17. Continued dullness wss
shown in the msrket for outside securities to
day with the general tone irregular although
considerable liearmcss dereloped in sinta. In the
Standard Oil subsidiaries, only a light inquiry
In the mining list. British Columbia Capper was
under pressure receding . on rumors that the
diridend due would be deferred. Braden Copper
on small buying imprared U. 8ilTer stocks were
comraratircly quiet but steady.
NEW YORK COFFEE.
Furnished by N. L. Carpenter sk Co.
December ... ...........
NEW YORK MONEY.
Xew York. March rf.-Ctll money opened 44
per cent: high, t; low. iH; renewals, !.; dosed.
44: ruling rate, 44
The market for time cnmMitlent displays
Increased firmness. The ranga for all dates Is
SVas per cent. The harder tone is due. for one.
to ft somewhat greater demand fot funds, brought
on probably by certain syndicate operations, notably
In connection with the recent Baltimore and Ohio
bond flotation. The announoemeot of further
gold shipments to Ivirope baa naturally been a,
IS -?". """""""""d P-Per nurxct tanks seem
inclined to do business, A fsir rolume of paper
has mored locally on a fiat par cent "basis.
.o aiassunis, i j per sent, unchanged:
NEW YORK CURB MARKET.
closing prtcfa of
rre u follow..
at , . . ,. BW Altfd
A nsUf-American Oil itj, j9
Bradrn 9 j4 5
British Anwriean Tobacco 22 3
Chicip) 8ubwij- . .,., ji j-
Ilircux ConiolJdittd j jtI
Grrene-CuMBe ;... j gi,
Hoilinrer Mi Ki1
L Roup OOMo.id.stM
L. V Coal 8lts Co 180 155
Muoa Valley ji g
Manhattan Transit j-4 r
Marconi, new i4 51,
Marconi. Canadian 3", ,
Mpis&ing Mines gi, 9
SUDrJard Oil. ei tub sa r-
Tobairco Prod pfd 50 M
lukon CwoM 215-h 3",
linked Clear Store $jat gg
United Cigar Stores fd H5 117
dami KiprfM 4a g q
Braden 173 153
Braden 7 173 jtj
B R T. M. notes fa ,i.
Chicago Elevated 5s. X ,
Montreal Tram. 5. -j,
raclflc flu A. FJectric Si M 90
Wentfin l'tiflc Sj f3
NEW Y0HK PB0DUCE.
New Tort. March ir.-UIU.PCEnUe.kpr H.
raand rror. Spring bran, a.3, ilin.Urd mlddUugs,
:ia. Mettern red dog IJS: winter nheat bian, in
100-nound packs, to srri.e. 3J0, city bran, in bulk.
IliK 1 y srosll husinesp. Uedem. to smre. is
tallied at - r. I. f. tr.k. ,te is n.wnmsL
ItVK KIXlUll-lnotlirT I nuiet. mr 1 arp iekrlr
good to choice Quoted st 3tal m in Urrch
NLIKHIItAT 1X1)1 11-Th. pun I. .h.,1 .
Choie nomlnsl at ira3J for 100 pounds.
CortNMEAlr-slesdv dealings are Inactne Kdn
dned. for ciport, 3 0i J.C3 coarse meal, in 1-gs, 1 lis
HAi -Receina. SX tons. Trade is dull: low grades
it No. I timothy. I OOaLOa. standard. JT'i. Ni "
Susli. Na 3. Iu-
STltWt RccriUj. 10 tons; Aim ilempn.1 I. r.tr
l"ig Of quoted St 1 00.1 06, oats ri is scarer and
PORK linn: business rrtardnL it., -l'i.so
BF1.1' strr-g supplies ste limited and trsde in
sctlte Packet LOCaLCO tamUy rLOtorttu.
I.4RII stesdr ilealinas mndtntr ISImp Up.t
em 1115 reAne.1 continent 1I0 South Ararrinn
1163 trflped llraulian in k(s 13.05 lf teatine.
raio lard stesrlne inactlre. New link, ly.air
New Toik Marcii ir -C!oing (luoUtlons of
a dfd 6s. Brown Bros k Co ctf,
New York Central 4, 19S7
American Teletone k Telearanh col li
Tel k Tel
t T A F Trsns short Line Is J7-.
Atlantic Coast Line Is n
Baltimore A Ohio gold 4s JT.
Baltimore k Ohio est 44s st,
Brooklyn Rapid Tnn.it Is sjt.
Central Leather Ss i
Chesapeake A Ohio tfg Ss 101
Cbeapeake A Ohio gnl 4,s ss
Che-aivsko A tlhij crt, 4'-s 904
Cbesaprake A Ohm II A A dir 2 2d 4 91.
Cbieagn, Burlington A Qjincy oint 4s 94
Chicairo Mil-.ui.ce A fl Paul 4'rs . 10l,
Chirac link l-I.nd A Partite cul 4- ... C,
General Motors sinking hind 6s ?
Intrrboro-Mrtropohtan 44s 7e's
Lske Shore 4. U38 ;,
Loilllsid ternirun) s ;s
Ml"sun. Kansss A Tests It 4s. 1
New York. New Ilaren A H.rtferd crt s U'
New lork ttailways sdl. 3s. 5.
Norfolk A southern Ss sfnea ... rH
Norfolk A Uestern cisi 4 .. . ',.
Norlolk A Western rrt ISs. when is..urd 1C2S
Northern Pscifle 4s .. 9bS
O By A Nor 4s 93
Prnn-jlvsnia gld 4frs. 10..
PennTlrsnla 4 1943. 1004
Penwjlrsnia r.s. 1915 9SS
Pub S. of N J 5s 93
St Louis A San Francisco gen 5s fs1.
Sealxard Mr Line adj 5s nrs
Southern Bell T A T 6s 994
Southern Railway 3s 1011,
Southern Railway 4s 77H
Texaa Co crt. 6s 971.
Third Arenue adj 5s 71S
Pacine 1st 4 97H
rnion PaciOc crt 4 S3
Steel v f 5 10kr-
Virnnia Iron Coal A Coke 5s i
Chemical 5s 95H
Furnished by N. L. Carpenter k Co.
New York. March If.
To-day. year. Today, day.
Newkork 1160 1160
New Orleans 1IQ3 206 124 124
Galre-ton 1316 7 097 124 124
Mobile 384 609 CI 16 12116
Sarannsh 1114 1562 12 5-16 12
Charleston 24S 963 124 124
Wilmington 312 1972 134 If,
Norfolk 13(0 3C07 125-16 C.
Baltimoie 12, 12.
rk.lon 2K.-" . .
Vanous XI li
Total It "SI a 419
Houston 10273 SO 124 12'
Auguts f4 361 124 124
Memphis 1 K 2.6H 124 124
St. Louis. 437 1909 124 124
Utile Rock 66 323 124 124
NEW YORK COTTON.
l-umiihtd by W. R mbb k Co.
Open. BLth. Low.
May 12.01 12.01 IL91
July 1L94 1LI 1183
October H.47 1L4I 1IJS
December .. 1L47 11.47 1LI0
Furnished by W. B Bibbs A Co.
Adrenture . 24
Calumet k Arizona 63
Calumet k Hods. 450
Copper Rang 44
Eait Butte 124
La Salle 4
Suson Valley ... 74
Mohiwk v 46
North Butte 27U
.. 11116 24
Old Colony 5
Old Dominion 41
8011th Lake 6i-
Swift :.... 107
United Fruit 168
Utah Con. vi
BJ Asked Wolrerin 604 61!
iuTilb NEW ORLEANS COTTON.
11 63 11 66
1L72 11.74 FursJihtd by N. L. Carpenter As Co.
11 m 11 i cost
1193 119! Open. nigh. Low. Bid. Askeo.
ILK IL96 Msrch ...... 121 TZii li3 113 12.33
1191 1L92 Jlay 1 12.2t 12.25 12.15 12.15 12,16
1183 11.J7 July.. 1 13,16 12.17 1201 1109 1109
IL86, 1U7 Octcier....... 1L4 1LU IL43 11.41. ILB
IU 1LB7 December.......... U.46, ILK ILB U.11 . 114.
Regular nUU o'clock noon.
Capital Traction it. . at IW. K.tM at 1HW.
1.00 at IVH. $1,009 at 11044.
Pob nan Conaalhtatpri Si Jl 00 at Ml.
Ws ilngtun Hallway k Electric preferred. 10 at
Wsshlngton Gaa. 55 at at.
Mergenthaler, 1 at SIS.
L-oston. : at 17, 3) tt KV.
Capital Traction Ss, (300 at 110V
Mergenthaler. 10 tt 33H.
United Htites reglitered L ........ Mist WH
Cnltrd States roapon MPs WIS
United Slltes reglstersd U.... ........... Wk l-s
United BUtcs coupon St........ -M 1
United Elates registered 4s............... IUH IIM
United EUtos coupon s -.... 1UK Ht
Georgetown Gas Cert. Ind. Ss v W3 .....
Georgetown Gas 5a 103
tiaahlngton Gaa Ss KB in
Capital Traction It. B. Ss 1U iWA
Ansoostit A. Potomac 5s 91 .....
On A Suburban 5s 103
Columbia 3s 100
Columbia Cs 101
Metropolitan 5s -lot
Washington Itr. it Elee. 4i - S7J t
Washington. Alex. A lit. Vernon Ss
Potomsc KJec. Cons. Ss 100'a 101
Potomac EJee. Lt 5s ICMV V
Chrsaprske A Potomac is. XK'4 KnH
American TeL i. Tel. 4s. 101
.V W. SUamboat Ss 104 10S
Biggs mslty S. ilotigi l la
Biggs Beslty 5s (short) I0 101
niBUfl UTILITIES STOCKS
LspitsI TrscHon' 110 lS"s
Wash. By t l.lec Com IT
Wah By. t Elec pfd "
Norfolk si Wsrblngton bteamDoat ato 3B
Washington O.s S5-, K
Georgetown Gas . .. 90 .....
Esstem- Light k. Fuel 113 lit
Amerlesn Tel A Tel -13)
TTI'E MVCHINE STOCKS
Mrrgcnthslcr l.lnotjpe' JJ-'i S34
Lanston Monotype SS 8G-S
Greene Csnanca Vi
NATION 4L BANK STOCKS.
American National Blnk lfO ITS
Capital National Bank . 30
Columbia N'stionsl Bsnk SO 33
Commercial N'stionsl Bank 3)1 SO
District Nstlocal Bsnk 14TH
Par A Jlerfa. Nst. Dank SO
Lincoln National Bank 15!
Metropolitan National Bank SB 310
Biggs National Bank 590 (10
Mecond National Bank 13 1T0
National Bank of Washington 3M 2
TIILVT COMI'sM STOCKS
American rlecurity A Trust 310 35
National 8artcgs A Trust. 2s- z?S
Union Trust 13 Cfi
Washington Ixan A- Trust Zv ZA
United btstes Trust KA 113
SAMNU6 BANK STOCKS.
CiUiens' Wi .....
Home barings 33 .....
Union ..... ( .....
Bank of Commerc and Sarlegs....... 13H 17
Eait Washirron j VHl l l
HUE INSURANCE STOCKS.
Gcnnsn American 270
National Union 'i
Potomac . . - 27
TITI K INSI RANLE STOCKS.
Columbia Title Insurance Pi
ItesI Liuie K
Chapin backa ...- 159
I C Parr Jlfg Co 134
Merch. Trans A
oecnrilT btorsgr 210
Wssbington Matket 17'.
BALTIMORE STOCK MARKET.
V itgina 3-3. century 1991 . . 54
HvLTlMOKI l ITT sTOCKh IRrgl.
Internal Irarrorfsnent 3'ts, 1928 . 9I
Fithang- 3',s 1930 92
C,S AND rJ.rA.TRIC
t (I l I. P M IV 1935 . 17
C. IS . E. U A P mm.. 100 1074
c ; i;li p i.t rfL. ion . . vi
BANKS ND TRL'ST CHMPAM17S.
Isrmers k Merchants' National, 40 ... . 49
fidelity A Keie.lt 50
Maryland Tru.t rroi.. 100 .
National Bank of Baltimore, 100
National I nion 100 1274
V 1 Fldclitl A tiiuisnty. MO 195
tterrgia Southern A Florida 2d pfd.. 100
Noithern 4entrl. 1214
. C. U conr deb. I-
Atlantlr- oast Unc con. I 1952. so
rnsoliclsti'-n Mai notes (W ll .. ".
I u.1 A Iron Railsar I.t 5s. 1J) 9.
Ilcorgu. Cstolin A Northern It . 193 103
(eorgu A vlabatna ojn.
JlaryUnd A rrnny'rani inc O VM 64
New lrleans Great Northern 5" t
New Orleans. 31o1hp- A Chicago 5.
hcaboard A Roanoke 6 1916 . 100
Lmlrd Railway A Electric. K 23
Charleston Clly Rallwar 1st p 1923. .
C C R A A E. if I99S. 564
Fairmont A Clarksburg Traction Sa .... 100
Maryland Llrctric Railwaia 3. ....
Newrort Ness A Old Point 1st 5 It . .
Newport New k Old Pt (I M. 3s. 1911 ....
Norfolk k Pcrtemouth Traction 5.
Norfolk Railway A Light 5s
Norfolk k Atlantic Terminal Ss 924
United Railsay A Electric 1st 4s. 1949 . (34
I mini Rsllwsy k Electric inc K 1919 . 624
United Rsllwsy 5e notes . .... 101
Alarams Consolidated C I is ... .75
Cotton Ihick 5s 74
Consolidation Cosl rrf. 44
Ccolid.itlon Coal ref 5s
Fairmont Coil 954
O B. J4 Brewing 1st 4s. -9S1 43
Hou.ton Oil com. tTr ctfs.)
Bou'trsi Oil dir. ctfs
Jam. PC 5s. 94
Mcrrhsnls k Miners' Trsns. IV T.I, 100 66
Pennsjlrama TV P com 63
FrnneTlrania W. P 5s
Baltimore. Md Msrch 17 -MILL FEED-Snnne
bran. In 100-lb. sacks, per ton. S22.59a23.00: florr
to white middling m lOelb sacks, 260024 00.
VVe-.Tern middlings, in 100-lb. aicks. per ton. 23.00
S23 50 City Mills middlings. In XOlb. sacks, ncr
ton. 24 00.21 JO. City Mills bran, in lttMb. sicks.
ton. 25.00.3 00 City Mills white middlings in
10Mb sacks, per rem. 30.00a2100
HAY No I timothy, 18.0D; standard timothy.
17 00. No 2. lEJ!gjl30: No 3 timothy. 13. 00a 11.50 ;
light dorer. mtsCg, 13.50,1600: Na 1 mixed, 15.00;
No 2 closer riiiert 115015 09; do. hery. 12.00
13J0; No 1. dorer. 1150.1100; No 2, 90010);
no esUbruHed grade bay, 7 001100; simple grade
hsy. ss to kind, quality Ind condition. 7 0010 00
STRVW-N'o. I straight rye. la.00sl8.SO: No. S
straight r atraw. 17 0017 JO: No. I tangled rre
(trw, 12.3Oa0O; No 2 tangled rye atraw, MOO
ILS0; No. 1 wheat straw, 8JB9 00; wheat straw.
No 2, 7J0s859; No. 1 oat straw, 9001000: No.
2 oat straw. 8008.50
POTATOES White, netrby. prime, per bu. SS
60; do. Eutern Shore of Maryland, bu No 1,
5CaS5: do. Western Maryland and rennsylrania. rer
biu No. 1. 6570; do, seconds, per bu. 4059: dot
Vew Tort, per bo, prime. 6065; sweets. North
Cirolin, pbl 3 003.8: do. Eastern Shore, per bbl.
2.753.25, do, choice yellow, per bu. L10L23; do.
Delaware and Jersey, her bbl. 300O.C; run,
North Carolina, gier bbl 1.7523: do, Virginia,
per bbl. 1 732.00.
DRESSED rOULTRT-Turkeys. choice, per lb.
I Jlmm. anmtWnT
W a Km
Clloasor A, I j
BonTt 11 1
SsaS: do. fair to good, per lb. 2US; do. oM torn.
IS lasll; erncsens, young lb, 3nsH; do. mueo. in.
Hall; do. old bens. II; do, old roosters, per lb.
lOall; ducts, per lb. 30sS; geese, nearby, per R-.
Half; Western and Southern, per lb. llsU: capons.
7 lbs. and ewer, per lb. 3Ta3; no. medium, par
IB. Z3a; do, snail ana saps, per lb. Uajtt.
IJVE POCLTRT-Chlekens. old bens, hesry,
per lb. II; do, old bens, small fa medium, per
In.. If; do, oia roosters, per lb. lOall: chickens,
young, lb. 2021: do. winter, S poonds. zSaSf docks,
white rekins. Jb 29aS; mnscory, per lb. 18; do,
puddle, per lb. II; geese, nearby, per lb. 14al3; do.
Western and Southern, per In. llall; do, Kent
Island, per lb. liaff; turkeys, choice, hens, per lb.
SiaS; do. young gobblers, per lb. S; old toms. per
lb. 19; do. rough and poor, per lb. 1415: pigeons.
bung. per pair, 30; do; old, per pair. 30; guinea
fowL old, each, X; do, ycaing. IS lbs. and oyer.
5: do. smaller; 30.
EGGS Maryland, Pennsylranin and nearby lints,
loss off per dosen, 17; Western firsts, loss off, per
do-en. If; West Virginia, firsts, loss off, per doz.
Mall; Southern firsts, loss off, per doz, lSslt: duck
eggs, choice, nesrby. per doz. 35: do. South-
BUTTER-Creamery. fancy. 3ea37; choice, per fn.
3135; do, good, per lb. 3333: do, prints, per In.
3631; do, blocks, per lb. 3C3I; ladles, per lb 24
a; Slaryund nd Pennaylrani rolls, per lb. 3D
23; Ohio rolls, per lb. 19a3; West- VirglnU roll,
per lb. 1921: store-Dicked, per lb. 1119; 3Iaryland,
lrgini and Pennailrani dairy prints, per lb.
1931; proces butter, per lb. 252r. .
GAMlv-Ducks. canrasbacks. No. 1. per pair.
irSaTOO: do. redheads. No. 1. per Mir. LSal-SO:
do, mallards. No. 1, per pair, LOOaLlO; do. black
heads. No 1, per pair, 50aGO: wild geese. No. 1,
each, 3alOT; whole deer. Hall.
rurnlsbed by W. B- Mlbbs k. Co.
PORK- Oscs. High.
Msy 31.57 30.K
July 30.9 3JT
May IS M72
July 10(0 10 ro
May 10 M I0J3
July 11.70 10 73
CHICAGO GRAIN MARKET.
rurnlsbed by W.' B. Ilibba k Co
W II SAT- Open. Blrh. Low. Cloaa
3iy sr; tr. s sti
July S4 W JJ 88',
May 514 si's SIS 51.
July 52 53', 53s. 35
Msy 3T, J?, 3r.
July 3Ti S 33H
MONEY VERY TIGHT
IN KAISER'S REALM
Fraak B. Kellogx, Recent Visitor in
Germanr, Ducasiet fiaudal
Xcvs Tork. March IT. Frank B. Kel
logg, of St Paul, and Henry Clay Pierce.
I who, with their wives have been making
a tour of Europe, returned to-day on the
George Washington. Mr. Kellogg is the
lawjer who was rpecial prosecutor for
the government when Judge Landls. of
Chicago, fined the Standard Oil Com
pany K9.0uO.00. Mr Pierce is president
of the Waters-Pierce Oil Companj-.
"Money Is very tight In both Germanv
and France." said Sir. KelloVg. "and It
Is due to the vast sums spent by both
countries In keeping up their great arma
ment. In Germany, when lt is possible
to borrow- money, one has to pay 7 or S
per cent interest. The people are taxed
from 1-4 of 1 per cent to 4 per cent on
their capital, and are groaning under
the burden. I do not see whv France
and Germany. England and this country
do not get together and fix a limit on (
tnetr armament. Something of the kind
should be done before this preparedness
for war impoverishes the people of the
four countries "
The Earl and Countess of Suffolk were
passengers also. The countess was for
merly Miss EKIsy Liter. of Chicago.
She has come over to attend the funeral
of her mother at Washington. Sirs. Lel
ter died two weeks ago.
WILL BE STUDIED
President Names Coamiition to Go to
Europe and InTestifate Afri-
cultural Credit Systems.
President vMlson jesterdaj- appointed
a commission of eeven men prominent
in the agricultural Held to conduct in
Europe an investigation of agricultural
credit s) stems and co-operative organi
zations among the farmers of thost
The men appointed by President Wil
son are: Senator Fletcher of Florid-u
president of the Southern Commercial
Ccngress; Senator Gore of Oklahoma,
chairman of the Senate Agricultural
Committee under the new Senate organi
zation; Representative Moss of Indi
ana, chairman of the Agricultural Ap
propriation Committee of the House;
Clarence J. Owens, of Man land, man
aging director of the Southern Com
mercial Congress and formerly president
of trie Southeastern Agricultural Col
lege, of Alabama; Renvon L. Butter
field, president of Amherst College,
and a leader In agricultural develop
ment work: John Lee Coulter, of Minne
sota, the government's expert on agri
cultural statistics, and Ha r vie Jordan,
of Georgia, president of the Southeru
Cotton Growers' Association, and for
mer president of the National Farmers'
This commission will co-operate with
the American Commission on Co-operative
Credit, organized by the Southern
Commercial Congress, which will visit
Europe this spring. Congress has ap
proved the efforts of the Southern Com
mercial Congress, and the action if
President Wilson esterdav In appo!ntin
government commissioners to co-operate
Tlth the Southern Commercial Con
gress' commission is the final step giv
ing the American Commission thw
status of a semi-official body. .
Upon its return from Europe the com
mission is directed by Congress to sub
mit a report on agricultural co-operation,
particularly on co-operative credit sys
Policeman Shoot Woman.
Chicago. March 17. Detectives to-day
are Investigating the death of Mrs. Rosle
Smith, shot by her brother-in-law, Joseph
Smith, a policeman, who afterward sur
rendered to his own sergeant. Smith
asserted he shot the woman because she
was responsible for the dishonor of his
son, who was arrested for larceny.
1000 Homes In This City
Can Have One of Dr. Cunningham's 25c or 50c
Wonderful Pain Extracting Plasters Free To Try
We Will Give Cut Out This Coupon
one of Dr. Cunningham's Pain . yu suffer from Rheumatism, Lumbago,
r-.;n Pl.et.rc -shtnlutp.itr Kidney Trouble, Stomach or Bowel Troubles,
Dctractine Plasters absolutely p,; side backt h; shoulder elbow
Wee tOCVery home in thlS City, ankle, foot, mnscle or anv nart of the- rwwiv
wherethere is a member suffer- wegureirdooidnotariordtomketh!offeriftr,.
ine with pain. These wonder- Halters failed to do all claimed.
. r, , I nave never used Dr. Cunningham's Plasters in
the body. , mr home
Pains Must Yield
When these plasters are applied
they start to draw out Uric Acid
Inflammation and poison. Then "
the pain ends. These wonderful plasters give almost immediate relief.
PEOPLE'S BUG STORE, r-&?tfis"-
A limited number of the iharei
of.the ConnectfcTjt Fie Company.,
at' $120 per' share. This ttoek
annually payi $16 per share,
and at this price yields 13 1-3
per cent npon the investment
THOMAS L DIME
608 14th St. Telephone M. 1346.
The Safest Investments
Are tboae that do sot fluctoatt dartnsj Ub
turbad eocditfcma o tba money or trtoefc mar
ket. First deed of trust notes (lint mort
VUet), veil aacured on real catata la tbt Dia
trirt of CdambU. constitute "gUt-ediV la
tetunenta. They do not depend upon taa
finaodal ly-pooaihility of tedlrtdoala or eor
poratioea for tbdr atabUlty. and ara exaatpt
from taxation aa peraonal property. Wa can
nrtfj foch farestmenta tn amousta from PS
opward. Send for booklet. "Coocernlnf Loana
SwartzeO, Rheem &
737 13th Street Kartbweat.
Lewis Johnson & Co.
1505 Pennsylvania Ave.
MEMBERS XEW TORK STOCK
Private wires direct to Balti
more, Philedelphia, New York.
Boston, and the West.
LETTERS Of CREDIT.
INVESTMENT ORDERS EXECUTED
IX ALA, MARKETS.
0EDEES NEW 0LE0 PROBE.
Jndgte Landfa Anilona to Knun
Abont 1 OO.OOO Compromise.
Chicago. March 17. Directing; a n
probe into alleeed frauds in evading
Federal tax on the part of oleomareerine
manufacturers. Judge K. M. Landis to
day instructed a special Federal grand
Jury to investigate the method by which
frauds alleged to amount to ll.OAWO were
recently compromised for S10O.000.
Judge Landls instructed the jurors par
ticularly to consider whether any public
officer or agent for the government had
any part in the arrangement.
The investigation is the second into
the use of sulphur treated oils In the
manufacture of oleomargarine by which
the makers are alleged to have nought
to avoid pavment of the tax required on
colored products. The former inevstiea-
tion led to indictments. The oleomar
garine makers took the mater up with
the Treasury Department and former Sec
retary of the Treasury MacVeasti agreed
to accept $100,000 In compromise The
agreement came in tho closing hour of
trie Taft administration.
Flood Paralyses Buslne.
Dunnville. 'Ontario. March 17. Eusine'S
was paral.vzcd here to-day. and there
was much fear arcomr. the residents as
a result of the flood yesterday, the most
disastrous chat ever visltt-d this section,
and which CAUserJ d prpportv loss of over
Jl.CiXWM. No lives were lost.
HEAL ESTATE TRANSFERS.
&1 a It 110 blk a IngIrlP-BREUMNGER.
Lewis E el ux 5die I tr rhs I Kuprwrt rt
ut Ann C xnt tenants 110 oonrenants i:
IN of Krnjen it E of Adspj villi JM nw
Si 7 It A-CHtREV. Cba 11 r IT est of Marr
V T Cherrr to VIry Grren RO tt
lt re brt Q & R st rr(
S 3 It 13 Ni 3 Highnew -TORTILE Marr
M to Harrr Wardmin & Tbo H Boot S.4
joint tenants sab to eonrenants k enaun
IS of C E of 1st ne
Sq SOs lt lt blk 10 Monroe k Butmrs 31 Add n
-GILES, J Edw t Stntoo Vesrer $19 coien
3S R I ar. eel
Sq 1X0 It 33-JONES. Fred C to Mildred Den
$lv rorensnts 9
(3)04 Wis sre nw)
Sq r? It D-KLLLOGG. Vfra P rt ng Mary E
to Sran V Dsnor 0 t
(S H re bet rifi-re n k T it nwl
Sq S5T9 loU U to 31 sq 56S1 It If to 3 Ran
o Highlands MELTON", Jno E to The O s
llealtr Co Inc ttO
(S of Pa ar E of 3. k S of P are W of 30th
Sq XM It a N 5 Le Droit Pk-MILLER. vT G
rt nx Cbnstian to Galea R Smith 110
(101 Fl ire nwl J
Sj 396 It 3 Eslm Est-NOLAV, Jno H rt m
Lid to Ipiwin A Martin J10 i:
(Ilia Ml PI st nw
Sq ITT Its 77toArft!cptor:lt9 lo Its
A. B k CQUAT. Coral to Susan W Dimock
110 covenants A tr 330.300 S
(X H are brt Pierre 1'lf.TamilO PitTcr
org It 1T-RTON'. Msrr II to Frank A
Jcors Stf 6?
iiou k ioi: it .)
Sq lC7t lt S-SCHEEL. lira II. rt uz Erzahrth
to Harrr A Kit zt nicnants k tr SI.20 tt
ID Nt Uth A ISth Ml
Sq lors lt 1S-SLOAT. Thos D to Jos E Lcnits
S10 sub to right of wsr 73
ICC Md are nel
bq St It 3 II ris-STKER'5. Blanch T k Lunnds
TbPairr to Lcror Caddis Jr !0 corrnsntj A
iiKi ait st ki
Sq 37H Its 3 A 2s sa 315 It 1 North Chfllum
Castle HtS-THK wash- LAM jrra o
to Margaret L Howerton SL500 corenaDtJ 71
IS cf Pratxxlr E of 1st Mi
Sq 371 lt K Us t Meridian HHl-THOVIPSON
Im E to Jos A Botn IN ZZ
117th k Klorm Rd nw)
Sq 5375 Its IS to a sq SSI Its 1 to 3 Handle
Iltgaianos u a IK 111 tr u J no t. UMtn
S18 corenanta W
(S of Ia are K of 5ti. As S of T ire W of Xth sel
Sq S33 lt III blk S Hlghtiew WARDMAN. Harrr
& Tbos l- hoots to carleton K Frr smb to
corrnants bldg line restrictions Ac tr SZ.SJ0 St
(S cf U E of 1st nc)
Sq S3 It 13 blk 5 Highrtew-Sune to Mrj M
iortnoe )to corenanta as trust Z,DW a
(3 of U E of 1st nel
Sq 227 It 3 blk t Wtst Rolmrsd Manor-WRIGHT
Anhnr A to Maude E Smith J 10 corenanta
tr C.7M S
(Spring rd E of llth nw)
I am troubled with m pafa in mr.
C'T. li","70 a week jjo, and 25691 a rear in